1. Market Research
  2. > Manufacturing
  3. > Industrial Machinery
  4. > Construction Equipment Market Trends
Global Elevator Equipment and Services by Product, Market and Region, 7th Edition

Global Elevator Equipment and Services by Product, Market and Region, 7th Edition

  • July 2017
  • 344 pages
  • ID: 5166525
  • Format: PDF
  • By Freedonia


Table of Contents

China & Other Developing Markets Seeing Rising Urbanization Drive Elevator Demand Growth Worldwide

The Chinese market, which accounted for 27% of the total in 2016 will return to strong growth through 2021 after a brief lull between 2014 and 2016, following trends in new construction activity.
The Indian elevator market will see among the fastest growth of any major market, fueled by strong construction activity growth.
Similar developments will support strong advances in the growing urban areas of the Africa/Mideast region.

Key Findings in the Global Elevators Study:

New Installations of Passenger & Freight Elevator Units to Surpass Previous Peak
New passenger and freight elevator installations peaked in 2014 and declined in 2015 and 2016, largely due to declines in Chinese residential demand; nevertheless the country accounted for more than half of all new units installed worldwide in 2016.
Through 2021, demand for new units in China is expected to improve substantially, along with new elevator sales in India and other developing countries.

Developed regions can, on the whole, expect only small increases in new passenger and freight elevator demand going forward.
There, the best opportunities are in replacement and upgrade elevator installations, as well as ongoing maintenance services.

Building Codes & Design Trends Support Sales in the Dominant Nonresidential Market
The nonresidential market accounts for a larger share of the global elevator market than the residential market.
Nonresidential demand is supported by intensive use of elevators, escalators, and moving walkways in such buildings as train stations, airports, stadiums, and shopping malls, all of which can expect ongoing advances in developing markets.
Furthermore, elevators are often required in many types of nonresidential buildings -- codes such as the Americans with Disabilities Act (ADA) in the US and EN81-70 in the European Union, support elevator demand in nonresidential markets.

Opportunities exist in the residential market as similar codes requiring elevators apply to multifamily housing.
Increasing urbanization and the corresponding need to build upward will also boost demand. However, a strong preference for single-family housing over multifamily housing in some developed markets such as North America and Australia limits residential demand in those areas.

Energy Efficiency & Tall Building Technologies Drive Product Development
In recent years, efforts to improve the efficiency of elevators and escalators have supported research and development by major elevator equipment suppliers.
While regenerative braking in elevators is increasingly commonplace, companies continue to improve regenerative drives in escalators and moving walks, reducing their standby energy consumption.
Additionally, innovations in destination control systems use computerized systems that direct passengers and elevator cabs to take the path of least energy consumption.
The construction of ever-taller skyscrapers spurs the development of a variety of innovative technologies, from high-speed elevators to KONE UltraRope carbon fiber cables, ThyssenKrupp MULTI rope-free magnetic technology, and others that increase the available travel distance of elevators.

Study Coverage
This study presents historical demand data (2006, 2011, 2016) and forecasts (2021) by product (passenger & freight elevators, escalators & moving walks, parts & other equipment, installation services, modernization & repair services), market (residential, nonresidential), elevator unit data (elevator stock and new elevator unit demand) and world region and major country.
This study also evaluates shipments, international trade, and company market share and competitive analysis on major industry participants including Hitachi, KONE, Mitsubishi Electric, Otis Elevator (United Technologies), Schindler, and ThyssenKrupp.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on